Lansforsakringar Fondforvaltning AB publ Purchases 2,125 Shares of Intuit Inc. $INTU

Lansforsakringar Fondforvaltning AB publ lifted its holdings in Intuit Inc. (NASDAQ:INTU) by 2.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,152 shares of the software maker’s stock after purchasing an additional 2,125 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Intuit were worth $60,200,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Tortoise Investment Management LLC grew its stake in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares in the last quarter. Westside Investment Management Inc. grew its position in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. Sagard Holdings Management Inc. bought a new stake in Intuit during the second quarter worth approximately $28,000. True Wealth Design LLC raised its position in Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the period. Finally, Total Investment Management Inc. bought a new stake in shares of Intuit in the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INTU shares. Weiss Ratings downgraded Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. Wells Fargo & Company reiterated an “equal weight” rating and set a $700.00 price objective (down previously from $840.00) on shares of Intuit in a research report on Thursday, January 8th. Daiwa Securities Group increased their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. TD Cowen dropped their price target on shares of Intuit from $802.00 to $658.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, Mizuho set a $675.00 price target on shares of Intuit in a report on Thursday. Twenty-two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $768.96.

Intuit Stock Down 0.3%

Shares of INTU opened at $380.55 on Friday. The firm has a market capitalization of $105.90 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.55 and a beta of 1.24. Intuit Inc. has a 12-month low of $375.40 and a 12-month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $554.54 and a 200-day moving average price of $630.03.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the business posted $2.50 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Insider Activity at Intuit

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This represents a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 388,464 shares of company stock valued at $255,514,393 over the last 90 days. 2.49% of the stock is currently owned by insiders.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Launched a consumer-facing TurboTax/Uber push — Intuit rolled out a campaign with Uber Advertising to connect taxpayers with in-person help and introduced a “done-for-you” TurboTax experience that pairs AI and human experts, which should help user acquisition and engagement for tax season. Intuit Inc. (INTU) Launched a New Campaign with Uber Advertising
• Positive Sentiment: Product expansion into construction via AI-driven ERP — Intuit launched a Construction Edition for its Enterprise Suite aimed at the $2T construction market, signaling meaningful TAM expansion and enterprise monetization potential. Intuit Targets $2 Trillion Construction Market With New AI Suite
• Positive Sentiment: Street support from a major analyst — Morgan Stanley’s Keith Weiss reiterated a Buy and kept an $880 price target, reinforcing a bullish long-term thesis around Intuit’s tax moat and policy/AI tailwinds. Intuit (INTU): Durable Tax Moat, Mispriced AI Risk…
• Positive Sentiment: Opinion pieces pushing back on AI panic — Commentary arguing that AI fears have been overblown may limit further downside as investors reassess long-term revenue resilience. Intuit’s $100B Panic: Premature AI Death Call
• Neutral Sentiment: Sector context — A rally in some beaten-down software names after encouraging AI commentary (e.g., RingCentral, Five9) provides an industry tailwind that could help sentiment for INTU. Beaten-down software stocks RingCentral and Five9 rally…
• Neutral Sentiment: Earnings calendar focus — Intuit is slated to report next week; previews and scheduled reports keep the name in flux as traders position into the print. Intuit (INTU) Projected to Post Earnings on Thursday
• Neutral Sentiment: Recent price action noted by market commentary — coverage pointing to short-term gains in prior sessions; useful context but not a driver by itself. Intuit (INTU) Laps the Stock Market: Here’s Why
• Negative Sentiment: Earnings-beat skepticism — One preview noted Intuit may lack the ideal setup to deliver an earnings beat next week, which can fuel short-term selling if results or guidance disappoint. Intuit (INTU) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Reported rise in short-interest (data appeared inconsistent) — Notes of increased short interest can amplify volatility; even if the published figures were noisy, perception of growing bearish bets can pressure the stock.

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.